Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.041%

Price spread now: Phemex against Pacifica+0.092%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.198%−$20 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

The price spread pays, funding is against you. Phemex is 0.092% dearer against Pacifica than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica DRAM	61.763	0.0100	pay 0.0013% / 1h	3m 39s	$75K	$40K	10x
Short	Phemex DRAMUSDT	61.820	0	get 0.0000% / 8h	1h 03m	$1.8M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Pacifica. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee PhemexbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$21
Price spread: +0.092% → 0.000%: $9.23
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$31.77
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Pacifica no order-book sample	—	—	—	—	—
Sell Phemex live order book, 5 min ago	2.43 bp	42.0 bp −$42	doesn't fit	doesn't fit	doesn't fit

Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

DRAM on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate DRAM_USDT	0.0000%	8h	61.830	+0.108%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.790	+0.044%	$885	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.770	+0.011%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	61.820	+0.092%	$1.8M	$1.3M	10x
edgeX DRAMUSDC	0.0000%	4h	61.763	0.000%	$153K	$289K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	61.768	+0.009%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.740	−0.037%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.713	−0.081%	$260K	$505K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.776	+0.021%	$210K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.802	+0.063%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.730	−0.053%	$1.2M	$1.7M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	61.780	+0.028%	$1.0M	$80K	10x	as long as short
Pacifica DRAMlong	+0.0100%	1h	61.763	long leg	$75K	$40K	10x
KuCoin DRAMUSDTM	+0.0100%	8h	61.770	+0.011%	$3.0M	$477K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.770	+0.011%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.780	+0.028%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.800	+0.059%	$4K	—	10x	as long as short
Aster DRAMUSDT	+0.0112%	8h	61.744	−0.030%	$199K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0120%	8h	61.830	+0.108%	$26.0M	$12.4M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0121%	8h	61.830	+0.108%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0139%	8h	61.782	+0.031%	$36K	$181K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0159%	8h	61.804	+0.067%	—	—	5x	as long as short
Variational Omni DRAM	+0.0201%	8h	61.767	+0.006%	$2.4M	$938K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.296%	$510K	$43K	20x	as long as short
MEXC DRAM_USDT	+0.0245%	8h	61.830	+0.108%	$11.2M	$6.4M	100x	as long as short
Bybit DRAMUSDT	+0.0246%	8h	61.857	+0.152%	$9.3M	$10.4M	100x	as long as short
Binance DRAMUSDT	+0.0247%	8h	61.830	+0.108%	$43.9M	$82.8M	50x	as long as short
Extended DRAM-USD	+0.0248%	1h	61.820	+0.093%	$77K	$766K	10x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.834	+0.115%	$456K	$475K	20x	as long as short
Lighter DRAM	+0.0272%	1h	61.805	+0.068%	$968K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0288%	1h	61.798	+0.057%	$79.3M	$39.3M	20x	as long as short
BloFin DRAM-USDT	+0.0476%	8h	61.760	−0.005%	$294K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0560%	1h	61.800	+0.060%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.820	+0.092%	$50K	$91K	10x	as long as short